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Cable Update (GBPUSD)

  • #743,421
  • Apr 30, 2023 12:42pm Apr 30, 2023 12:42pm
Quoting ninner
{quote} Gu may be interesting this week as it at resistance..bo...go long..but may be a good short......flexibility.
...no shit Sherlock
  • #743,422
  • Apr 30, 2023 12:55pm Apr 30, 2023 12:55pm
This is a brilliant watch for all you Gamblers out there

Inserted Video
  • #743,423
  • Apr 30, 2023 1:05pm Apr 30, 2023 1:05pm
Quoting T721
This is a brilliant watch for all you Gamblers out there https://youtu.be/g2yMnQI0Xc0
WTF my Amusement arcades back in the day only paid out £100 on the big slots
  • #743,424
  • Apr 30, 2023 1:55pm Apr 30, 2023 1:55pm
Quoting Waveskierrob
{quote} ...no shit Sherlock
Lmao
  • #743,425
  • Apr 30, 2023 2:20pm Apr 30, 2023 2:20pm
Quoting ninner
{quote} Gu may be interesting this week as it at resistance..bo...go long..but may be a good short......flexibility.
It's not really at resistance, it broke resistance and rallied it pulled back before the end of the week but closed at a new high at the end of the week and at the end of the month. Right now you have to look at the long term charts to establish the next resistance area, I haven't got it in front of me but I recall this was around 1.26/1.266,

I would look for this to establish and bounce off support for a good entry maybe around the 1.254 area it may hold in a zone or re trace back for bulls to defend . A break below puts 1.23 back on the cards. A. Reak above 1.266 brings 1.27 in to view. Long term out look in the coming months is 1.30 but during that time when we do hit strong resistance we can expect a Fibonacci retrace 30%+ to 50% this could come anytime or with news if the Fed brings in a rate hike. This is where fundamental analysis is key alongside technical analysis. We can expect some.comsolodation with the rate hike or If the rate hike forecast is paused then we could see the bulls really rally ...if we consolidate then we would look ahead to BOE news and the rate hike for another go at higher highs.

I like to trade technicals alongside fundementals because without you can go short or long just on chart patterns and miss a run or be on the wrong side of trades.

The next couple.weeks are key. I expect some short of continuation on the bull run before hitting strong resistance for a retracement then a pull back depending on Fed forecasts then the pound bulls coming back into play. Don't take my word format, we all can be wrong even the brokers and finance sites whatever we do make sure you always use decent risk management
  • #743,426
  • Apr 30, 2023 2:29pm Apr 30, 2023 2:29pm
Hey i thought this might be important:

What is Executive Order 14067? Biden and Fed seizing assets?

"Now, Biden and the Fed are conspiring to replace the dollar starting this coming May 2023 - with their own controllable, traceable, programmable digital currency.
It's legal thanks to Executive Order 14067 that Biden quietly signed into law.
Essentially destroying cash, replacing it with a digital version giving the Fed and government 100% control over your money.""

I totally missed this, scam or truth?
You have an IQ lower than 90 if you interact with this user.
  • #743,427
  • Apr 30, 2023 3:00pm Apr 30, 2023 3:00pm
Quoting Ferna
Hey i thought this might be important: What is Executive Order 14067? Biden and Fed seizing assets? "Now, Biden and the Fed are conspiring to replace the dollar starting this coming May 2023 - with their own controllable, traceable, programmable digital currency. It's legal thanks to Executive Order 14067 that Biden quietly signed into law. Essentially destroying cash, replacing it with a digital version giving the Fed and government 100% control over your money."" I totally missed this, scam or truth?
The executive order allows the US to develop a digital currency. Eventually, they will replace currency but it will take time. Right now there are a lot of people who don't want to replace cash with digital assets. How would the CIA start global conflicts if their transactions could be traced?
  • #743,428
  • Apr 30, 2023 3:09pm Apr 30, 2023 3:09pm
A throwback to my childhood.
https://www.ifate.com/fateball.html?fb=1
Quoting dantpm
{quote} Well, the spirits are telling me that the future is uncertain! {image}
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Funded trader
  • #743,429
  • Apr 30, 2023 3:14pm Apr 30, 2023 3:14pm
GBPUSD opening price on IG markets. Check the spread!
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  • #743,430
  • Edited 3:38pm Apr 30, 2023 3:18pm | Edited 3:38pm
I'm suddenly getting this prompt to save my chart before closing.
There used to be a "save cloud" on the upper right - what happened to that?

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I only need to hit Ctrl S ?
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Funded trader
  • #743,431
  • Apr 30, 2023 3:28pm Apr 30, 2023 3:28pm
Quoting Georginson
January to May Ranges 2011 - 2022 2022 = 1590 pips 2021 = 790 pips* 2020 = 1820 pips 2019 = 960 pips* 2018 = 1168 pips 2017 = 1160 pips 2016 = 980 pips* 2015 = 1250 pips 2014 = 744 pips* 2013 = 1410 pips 2012 = 1065 pips 2011 = 1338 pips Minimum = 744 pips Average = 1282 pips Maximum = 1820 pips Key Observation: The years that precedes big ranges often come with ranges between 750 - 950 pips. There is no two consecutive years of big January to May Ranges, which explains why we are currently having low ranges and still set to continue this May 2023...
Thank you for insightful research. My forecast is 1.28 - 1.29
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  • #743,432
  • Apr 30, 2023 3:32pm Apr 30, 2023 3:32pm
As a medium-term swing trader, I will not be trading the GBPUSD market until there is either a directional momentum break or a shift in momentum on a daily closing basis. Hare's why. GBPUSD price action on the daily time frame is maintaining a bullish tone, but it is within a significant horizontal resistance zone, the 1.23490/1.26170 horizontal resistance zone (purple) seen on the monthly time frame. As the area aligns with the 61.8 Fib retracement area of the 1.36430/1.03340 bearish swing, it is susceptible to a southward turnaround.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #743,433
  • Apr 30, 2023 5:20pm Apr 30, 2023 5:20pm
Added a short at 12560 some US data tomorrow not expecting too many huge moves as UK and EU is off.
Insane in the Brain..
  • #743,434
  • Apr 30, 2023 5:25pm Apr 30, 2023 5:25pm
Added two longs for an overnight scalp while i sleep.
You have an IQ lower than 90 if you interact with this user.
  • #743,435
  • Apr 30, 2023 5:32pm Apr 30, 2023 5:32pm
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Liquidity run possible before shooting up more.
We cut the winners short and let the losers run.
  • #743,436
  • Apr 30, 2023 5:40pm Apr 30, 2023 5:40pm
Hi Guys,
It is 6.35 pm EST here.
Niagara Falls just 20 kms away from my home.
Still on mobile data.
Home internet is getting connected tomorrow morning.
Untill then a small short trade from gu thro my Android phone.
Hope you all had wonderful last week in trading
Intraday only.
  • #743,437
  • Apr 30, 2023 6:50pm Apr 30, 2023 6:50pm
Waiting to go Long at 1.2516
We'll see.
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  • #743,438
  • Apr 30, 2023 9:18pm Apr 30, 2023 9:18pm
Major key resistance 1.26000
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Consistency.
  • #743,439
  • Apr 30, 2023 11:50pm Apr 30, 2023 11:50pm
Short in at 1.2558 target 2552
Don't trade what you think. Just what you see!!!
  • #743,440
  • May 1, 2023 12:16am May 1, 2023 12:16am
Quoting ScalaFX
{quote}SL hit, wow what a ride, ideal time to start shorting now 2538, pendings 45, 50, 55, 60, 65, 70
good morning all, summary of my positions all active, late friday I add two more 75 and 80, rest pendings didnt filled, so I will be targering 2510- 2500 and see what will do there, this week is a acoount blowing week so be sure you are with the flow, cheers!
People don't plan to lose. They lose because they don't plan.
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